Chile: Business confidence strengthens in February
March 4, 2016
Chilean businesses grew somewhat more confident in February. The business confidence index (IMCE, Indicador Mensual de Confianza Empresarial) published by ICARE and the Universidad Adolfo Ibáñez, rose from 45.0 points in January to 46.4 points in February, which marked the highest reading in eight months. Despite this improvement, the index remains below the 50-point threshold that separates pessimism from optimism, where it has been since April 2014.
February’s increase reflected strengthening sentiment in the industry and the trade sectors. Conversely, confidence dropped notably in the construction sector and slightly in the mining sector.